Bayer’s Agricultural Division Partners With ConsenSys-Backed Startup BlockApps

The agricultural division of pharmaceutical and life science giant Bayer AG, Bayer CropScience, is collaborating with ConsenSys-backed Blockchain-as-a-Service (BaaS) startup BlockApps. BlockApps revealed the news to Cointelegraph on March 22. Germany-based Bayer CropScience has been working on a number of blockchain initiatives with BlockApps since early 2018, a BlockApps spokesperson told Cointelegraph. One of the largest pharmaceutical firms globally, Bayer acquired American agrochemical and agricultural corporation Monsanto in June 2018. A BlockApps representative said that more details can be expected during Blockchain for Food and Beverage Supply Chain conference that…

Prediction Startup Numerai Raises $11 Million in ICO

American prediction market startup and hedge fund Numerai (NMR) has raised $11 million in an initial coin offering (ICO) to launch its project Erasure, Numerai tweeted on March 21. Introduced in late 2016, Numeraire network provides a blockchain and cryptographic token-based ecosystem for incentivizing anonymous data scientists to create predictive models. Based on the Ethereum (ETH) blockchain, Numeraire tokens are used in trading market predictions on the startup’s platform. Numerai founder Richard Craib said that the funds from the recent ICO will be mostly spent on hiring engineers for Erasure,…

Ex-NATO Secretary General Bullish on Blockchain as He Partners With Swiss Startup

Swiss blockchain identity network Concordium has hired former Danish prime minister and NATO secretary general Anders Fogh Rasmussen as a strategic advisor, the company confirmed in a press release on March 20. The Concordium Foundation, the controlling entity behind the Concordium Network that launched a proof of concept in January, aims to tackle blockchain deployment in certain fields with Rasmussen’s expertise. The former politician currently heads Rasmussen Global, a consultancy firm active in diverse fields including democracy, transatlantic relations and security policy. “Given the enormous scope and far-reaching potential of…

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies. In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations. The company said the card would address the hurdles that come…

Chinese Insurance Giant Ping An Partners With Decentralized AI Startup SingularityNET

Chinese insurance giant Ping An has partnered with Ethereum (ETH)-based decentralized artificial intelligence (AI) startup SingularityNET. The latter company announced the collaboration in a press release published on Medium on March 14. Per the release, the collaboration will at first focus on Optical Character Recognition (OCR), Computer Vision (CV) and model training. SingularityNET notes that the scope of the partnership is expected to expand to multiple industries and initiatives in the future. The announcement has been made shortly after SingularityNET officially launched a beta version of its Ethereum-based decentralized marketplace…

Blockchain ID Startup Metadium Reveals Partnership With Game Engine Giant Unity

Metadium, a South Korean blockchain identity startup, is releasing its Software Development Kit (SDK) on leading game engine Unity’s Asset Store, according to a press release published today, March 15. The press release describes the move as a “strategic partnership” with the gaming giant. Per the press release, the Metadium Meta ID service will be available to game developers using the Unity engine via the Unity Asset Store. In correspondence with Cointelegraph, the startup further explained the nature of the partnership with Unity, noting that its is part of the…

Blockchain Startup CEO Kidnapped in Kiev

Sunday, a Ukranian blockchain CEO got kidnapped in Kiev. Gregory Kucherkov is the CEO of Cornerstone, an effort to fund real estate investment with a blockchain token. Conerstone is planning an ICO. CCN received a tip from COO Fedir Martynov, and reached out to him by phone. Martynov tells us that the firm has already raised some capital for its ICO in a private sale, and they and the local police believe this may be the motive for the kidnapping. Currently Cornerstone is preparing for an ICO, and has already…

Startup Finturi Raises $2.2 Million for Its Blockchain-Based Invoice Finance Platform

Dutch blockchain startup Finturi has secured 2 million euro ($2.2 million) to enable businesses to secure loans against invoices via blockchain tech, the company tweeted on March 12. Founded in September 2018, Finturi aims to help businesses finance invoices by linking them with financiers to borrow money against invoices, using blockchain and artificial intelligence (AI), according to a report by startup-focused publication EU-Startups.com on March 11. Finturi has reportedly raised its first investment via an angel round led by NetSam Participaties BV, which evidently participated in an investment round for…

Crypto Startup Behind Alibabacoin Agrees to Stop Using ‘Alibaba’ Name After Legal Action

Dubai-based crypto firm ABBC Foundation has agreed to stop using the name “Alibaba” for its cryptocurrency after legal action by Chinese e-commerce giant Alibaba Group, Reuters reported on March 11. The decision from ABBC Foundation is reportedly part of a settlement of an almost year-long lawsuit brought by Alibaba against the crypto startup. ABBC Foundation, previously also known as Alibabacoin Foundation, reportedly said that it regretted confusion caused by its former use of the name “Alibabacoin” for its firm and cryptocurrency. Per the report, the company’s coin will now be…

Credit Agricole-Backed Blockchain Startup Setl Files for Insolvency in the UK

Setl, a Credit Agricole-backed blockchain startup based out of the United Kingdom, has filed for insolvency. The insolvency notice was filed on March 7 with U.K. authorities. Credit Agricole is reportedly the world’s largest cooperative financial institution, headquartered in France. Setl was founded by Peter Randall, one of the founders and former CEO of the alternative European stock exchange Chi-X, and Anthony Culligan, founder of peer-to-peer Bitcoin (BTC) trading venue Roolo, in July 2015. The company was granted approval from the French securities regulator to run a Central Securities Depository (CSD) in…